Form 16B is a document that is issued to salaried personnel in India by their respective employers at the end of a fiscal year. The certificate or document carries necessary details of all earnings, deductions that were processed by that employer in the preceding fiscal year. Form 16 B is also needed for individuals in the process of filing tax returns with the Income Tax Department of India.
Generating and downloading of forms can be done as
- In the Payroll Forms, the option of selecting various Tax Forms will be present in that the Form16 can be chosen.
- The basic description of Form16 will be available.
- The option of choosing the Financial Year can be made.
There is also an option to choose either single employee or multiple employees for the generation-cum-download of the 16B form.
Sumopayroll cloud-based software that helps companies process their monthly payroll and also provides a way for you to generate Form-16B making it and user-friendly software for payroll services.
To learn more about Income Tax Slabs, click here.